Veterans' Entitlements Act 1986
5MAGranny flat definitions
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5MA Granny flat definitions
(1) In this Act, unless the contrary intention appears:
granny flat interest has the meaning given by subsection (2).
granny flat resident has the meaning given by subsection (3).
(2) A person has a granny flat interest in the person’s principal home if: (a) the residence that is the person’s principal home is a private residence; and (b) the person has acquired for valuable consideration or has retained: (i) a right to accommodation for life in the residence; or (ii) a life interest in the residence. (3) A person is a granny flat resident if the person has a granny flat interest in the person’s principal home.